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I call Bullshit on Frank McCourt

September 1, 2011

@BillShaikin of the LA Times had an interesting tweet about Frank McCourt’s new apartment lease that caught my eye. In McCourt’s court filing he said the landlord “requires” him to pay 6 months rent upfront due to concerns regarding Mr. McCourt’s liquidity. 2 months as a security deposit & 4 months of prepaid rent. I’m calling Bullshit!

CA law considers any upfront payment on a rental as “security deposit”. That includes any advance rents, cleaning fees or deposits, and actual security for any possible future damages. All upfront payment to a landlord is in essence secured interest in favor of the landlord. California law on such upfront payment is pretty clear; a landlord can’t require more than the equivalent of 2 months rent for an unfurnished property & 3 months for a furnished property.

Mr. McCourt might not be the brightest man but he needs to consider hiring smarter lawyers & a better leasing agent cause those people should know better. As a tenant, McCourt can offer to prepay 4 or 6 months rent but his landlord cannot require it. Hence, it throws out his claim that the “landlord requires the advance payment due to the landlord’s concern of his liquidity”. If his landlord is only renting to him due to the excessive deposits upfront his landlord is breaking the law. If McCourt’s liquidity was a real concern to the landlord then the landlord should just outright decline Mr. McCourt as a tenant. I would be very interested on seeing who Mr. McCourts new landlord is.

Come on Frank, just sell the team already & stop inundating us with your legal Bullshit court filings!

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“If you ride to the left, you will lose your horse, if you ride to the right, you will lose your head”

November 18, 2010

I have been in this business for what seems like FOREVER. I like to refer to myself as a lifer. I feel like I have a life sentence in this industry. I can’t say I really enjoy this business or that I have a passion for what I do, but I can say I do it well. Kind of like an idiot savant. I don’t know why or how I am able to understand this stuff but sure enough I understand & I can deconstruct it for my clients so they can understand it.  Sure, I like to daydream & think one day I will go back to college & pursue a career that I have a life long love for but I wouldn’t know where to begin or what I want to be when I “grew up’.  Plus I have learned money is not everything but with small kids, a mortgage, & bills – MONEY means EVERYTHING in order to maintain & afford all those things. 

When I was in my twenties, I was a total go getter. Do what I had to do, to get to where I had to go. Making money was a driving force. Even a C-section & the birth of my daughter couldn’t stop me.  6 weeks off??? Yeah right. More like 6 days off. Looking back, oh so many bad choices I made. So many twist & turns that I failed to navigate properly.  Now in my thirties, I think any career spark or drive has been extinguished. Luckily I work for a great small company that allows me (to an extent) do what I need to do, how I want to do it. But in all honesty I really don’t want to do anything. I have no idea career wise if I know where I am going or if I have even arrived. I am bored with this job. A majority (like 65%) of the people I interact with annoy me to no end. I am 34 & have somehow managed to be the cranky old lady who everyone just kind of stays clears of.  Is this who I am going to be for the next 30 years? Day in & day out I’m gonna do this? Sell homes, buy homes, cash out refinance, rate term refinance…OMG!!! I need to know where the nearest bridge is so I can throw my career over it.  I have hit the fork in the road in my career. Where do I go? 

Blogging

November 10, 2010

Slowly but surely I am figuring this WordPress out. Prepare to be taken on a journey oh so very soon.